Have you ever thought of what it actually means to be a bank’s owner-customer? The logic behind owner-customer membership can be described, for example, by comparing it with holding shares in a public limited company. Ownership in a cooperative is linked to the role as a customer, not as an investor.
The aim of owner-customer membership is to make every household engage in collective development while providing them with information on issues in their neighbourhood.
|Cooperative||Limited liability company|
|Who owns the company?||Owner-customers||Shareholders|
|Who holds the decision-making power?||Each member has one vote||Voting rights vary depending on the number of shares owned|
|How are profits distributed?||To owner-customers based on the use of services||To shareholders based on shareholdings|
|What is the purpose of operations?||Providing services to members of the cooperative||Profit maximisation|